UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 28, 1995
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from.......... to..........
Blue Ridge 0-28-44
Commission File No.: Big Boulder 0-28-43
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
State or other jurisdiction of incorporation or organization:Pennsylvania
24-0854342 (Blue Ridge)
I.R.S. Employer Identification Number: 24-0822326 (Big Boulder)
Address of principal executive office: Blakeslee,Pennsylvania
Zip Code: 18610
Registrant's telephone number, including area code: (717)-443-8433
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the securities and Exchange
Act of 1934 during the preceding 12 months (or for such period that the
registrant was required to file such reports) and (2) has been subject to
such filing requirements for the past 90 days.
YES___X____ NO__________
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the close of the period of this report:
Class Outstanding at February 28, 1995
Common Stock, without par value, 2,004,014
stated value $.30 per combined share*
*Under a Security Combination Agreement between Blue Ridge Real Estate
Company ("Blue Ridge") and Big Boulder Corporation ("Big Boulder")
(referred) to as the "Corporations") and under the by-laws of the
Corporations, shares of the Corporations are combined in unit certificates,
each certificate representing the same number of shares of each of the
Corporations. Shares of each Corporation may be transferred only together
with an equal number of shares of the other Corporation. For this reason,
a combined Blue Ridge/Big Boulder Form 10-Q is being filed. Except as
otherwise indicated, all information applies to both Corporations.
Page 1
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INDEX
Page No.
PART I - FINANCIAL INFORMATION
Item 1-Financial Statements
Combined Condensed Balance Sheets
February 28, 1995 and May 31, 1995 1 & 2
Combined Condensed Statements of
Operations - Three Months and Nine
Months Ended February 28, 1995 & 1994 3
Combined Condensed Statements of
Cash Flows - Nine Months Ended
February 28, 1995 and 1994 4
Notes to Financial Statements 5
Item 2-Management's Discussion and Analysis
of Financial Condition and Results
of Operations 6, 7 & 8
PART II - OTHER INFORMATION 9
Signatures 9
EXHIBIT 27
Page 2
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FORM 10-Q
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized:
BLUE RIDGE REAL ESTATE COMPANY
BIG BOULDER CORPORATION
(Registrant)
(Signature)
Gary A. Smith, President
(Signature)
R. Bruce Reiner, Chief
Accounting Officer
Date: August 3, 1995
Page 11
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAY-31-1995
<PERIOD-END> FEB-28-1995
<CASH> 2,438,068
<SECURITIES> 0
<RECEIVABLES> 166,155
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 3,258,553
<PP&E> 46,512,317
<DEPRECIATION> 25,362,846
<TOTAL-ASSETS> 24,410,088
<CURRENT-LIABILITIES> 2,201,427
<BONDS> 0
<COMMON> 2,121,192
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 24,410,088
<SALES> 10,114,859
<TOTAL-REVENUES> 10,114,859
<CGS> 0
<TOTAL-COSTS> 9,765,999
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 665,444
<INCOME-PRETAX> (258,832)
<INCOME-TAX> (95,800)
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (163,032)
<EPS-PRIMARY> (.08)
<EPS-DILUTED> 0
</TABLE>
